Green Thumb Industries appoints a new board of director

In a press release on April 30, Green Thumb Industries (GTBIF) announced the appointment of William Gruver as a new member of its board of directors. He will also serve as the chair of the audit committee. He will be joining the current three-member non-executive board consisting of:

Wendy Berger, a real estate subject matter expert and president of WBS Equities

Wes Moore, a social impact subject matter expert and CEO of Robinhood

Glen Senk, a retail subject matter expert and former CEO of Urban Outfitters

Currently, Gruver is part of two audit committees, Geisinger Health, a $7 billion integrated health care system in Pennsylvania and New Jersey, and Private Client Bank, a multibillion-dollar Swiss institution. Gruver has also worked for Goldman Sachs for 20 years and he was chief administrative officer of the firm’s equities division.

Green Thumb Industries’ founder and chief executive officer, Ben Kovler, said, “Bill offers incredible financial expertise for GTI as we meticulously build a world-class board with diverse skills, viewpoints and backgrounds to serve as an excellent foundation to support and propel the company’s rapid expansion. The decades-long business and capital markets knowledge Bill offers will be an incredible asset to our team and he adds immense shareholder value as Chair of the Audit Committee.”

On May 1, Green Thumb Industries stock fell ~0.8% and closed at $14.63. GTBIF’s peers Canopy Growth (CGC) and Tilray (TLRY) were up by 0.3% and 1.2%, respectively, while Aurora Cannabis (ACB) fell ~0.9%. The broader-market S&P 500 (SPY) was down 0.75%.